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Monthly Archives: June 2017

Trader uses ‘iron condor’ trade to cash in on Microsoft

As shares of Microsoft, along with its other big tech peers, recovered after a notable two-day losing streak, one trader is making a unique bet on the tech giant settling into a trading range ahead of its quarterly earnings report in July. By using a type of options trade called …

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How Pasteur’s Artistic Insight Changed Chemistry

And we might not know a thing about them if it weren’t for the little-known artistic experience of Louis Pasteur, says Dr. Gal. Continue reading the main story Hands and cue balls Pasteur was born in 1822 to a French family of modest means. His dad was a soldier in …

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Apple is getting ready for an iPhone 8 ‘super-cycle’: Credit Suisse

John van Hasselt | Corbis | Getty Images Advertising campaigns displayed on large canvases cover facades of historic buildings and monuments on May 25, 2017 in Paris, France. After a big pullback in technology shares Friday caused the Nasdaq composite to post its worst week of the year, some investors …

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US crude plunges to 5-week low, threatening technical breakdown

Oil prices threatened to fall through key technical levels on Wednesday after the government issued a bearish report on U.S. fuel stockpiles. U.S. West Texas Intermediate crude futures fell nearly 4 percent, plunging to a five-week low below $45 a barrel, following the report. WTI last traded at $44.64, within …

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Business inventories slip 0.2% in April, in line with estimates

Daniel Acker | Bloomberg | Getty Images Employee organizes treated lumber at Maze Lumber in Peru, Illinois. U.S. businesses decreased their stockpiles in April by the largest amount since October, while sales were flat. The Commerce Department says business inventories fell by a seasonally adjusted 0.2 percent in April, following …

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This one chart shows why the Fed is in such a tough spot right now

The Federal Reserve is set to raise interest rates Wednesday even though one of its stated conditions for doing so is arguing against it. The central bank has a stated dual mandate when assessing its monetary policy: maximizing employment and stabilizing prices. What’s unusual right now is that the Fed’s …

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Twitter promoting ‘#happydeathday’ sparks outrage amid London fire, Virginia shooting

Toby Melville | Reuters Firefighters direct jets of water onto a tower block severely damaged by a serious fire, in north Kensington, West London, Britain June 14, 2017. This is seriously unfortunate timing for Twitter. What was supposed to be a promotional hashtag on the social media website for the …

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Wall Street may be expecting too much from Starbucks

Jason Redmond | AFP | Getty Images Kevin Johnson of Starbucks speaks at the Annual Meeting of Shareholders at McCaw Hall in Seattle, Washington. Shares of Starbucks fell less than 1 percent on Wednesday after a Wedbush analyst dimmed his view of the coffee chain and downgraded the stock, citing …

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Trump faces calls to uphold U.S.-Cuba ties ahead of policy announcement

Chip Somodevilla | Getty Images Hundreds of Cubans and visitors from other countries gather across the street from the newly reopened U.S. Embassy to observe the flag-raising ceremony August 14, 2015 in Havana, Cuba. U.S. President Donald Trump is under pressure to maintain the country’s fragile détente with Cuba despite …

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GOP Rep. Steve Scalise shot at congressional baseball practice in Virginia

Google Maps Google map showing the baseball field where shots were fired during a practice with congressmen in Alexandria, Virginia on June 14, 2017. Paul and Rep. Mo Brooks, R-Ala., described the weapon used by the shooter as a rifle. Paul said he heard a first, “isolated” shot followed by …

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